AMENDMENT
This Amendment is made to Reinsurance Policy Numbers #17055-016 and #17055-044
by the parties, Preferred Life Insurance Company of New York ("Preferred Life")
and WellCare of New York ("Plan").
In consideration of the promises contained herein, the past contractual
relationships of the parties, the desire of the parties for continuing into the
future a contractual relationship on mutually beneficial terms, and for other
considerations the sufficiency and receipt of which are hereby acknowledged by
the parties, the parties agree:
1. The Contract Year November 1, 1997 through October 31, 1998 is extended one
month, to November 30, 1998; and
2. That liability of Preferred Life for limited continuation of benefits under
Endorsements No. 1 is further limited in the aggregate to the first three
million four hundred thousand ($3,400,000) dollars of claims incurred by
Preferred Life under Endorsements No. 1, using the date of the health
service to determine which claims are first. In no event will Preferred
Life be responsible for more than three million four hundred thousand
dollars of liability in the aggregate under these Endorsements.
This Amendment is effective on the date signed below.
WELLCARE OF NEW YORK
By: /s/ Xxxxxx X. Xxxx
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Title: President/CEO
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Date Signed: 9-30-98
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PREFERRED LIFE INSURANCE COMPANY OF NEW YORK
By: /s/ Xxxxxxx X. Xxxxxxxxxxx
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Title: Secretary
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Date Signed: 9-30-98
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